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Side-by-side financial comparison of Amphenol (APH) and Huntington Ingalls Industries (HII). Click either name above to swap in a different company.

Amphenol is the larger business by last-quarter revenue ($7.6B vs $3.5B, roughly 2.2× Huntington Ingalls Industries). Amphenol runs the higher net margin — 12.4% vs 4.6%, a 7.8% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 15.7%). Amphenol produced more free cash flow last quarter ($831.2M vs $516.0M). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 11.3%).

Amphenol Corporation is an American producer of electronic and fiber optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation's original name, American Phenolic Corp.

Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.

APH vs HII — Head-to-Head

Bigger by revenue
APH
APH
2.2× larger
APH
$7.6B
$3.5B
HII
Growing faster (revenue YoY)
APH
APH
+42.7% gap
APH
58.4%
15.7%
HII
Higher net margin
APH
APH
7.8% more per $
APH
12.4%
4.6%
HII
More free cash flow
APH
APH
$315.2M more FCF
APH
$831.2M
$516.0M
HII
Faster 2-yr revenue CAGR
APH
APH
Annualised
APH
45.3%
11.3%
HII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
APH
APH
HII
HII
Revenue
$7.6B
$3.5B
Net Profit
$943.3M
$159.0M
Gross Margin
36.7%
Operating Margin
24.0%
4.9%
Net Margin
12.4%
4.6%
Revenue YoY
58.4%
15.7%
Net Profit YoY
26.8%
29.3%
EPS (diluted)
$0.72
$4.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APH
APH
HII
HII
Q1 26
$7.6B
Q4 25
$6.4B
$3.5B
Q3 25
$6.2B
$3.2B
Q2 25
$5.7B
$3.1B
Q1 25
$4.8B
$2.7B
Q4 24
$4.3B
$3.0B
Q3 24
$4.0B
$2.7B
Q2 24
$3.6B
$3.0B
Net Profit
APH
APH
HII
HII
Q1 26
$943.3M
Q4 25
$1.2B
$159.0M
Q3 25
$1.2B
$145.0M
Q2 25
$1.1B
$152.0M
Q1 25
$737.8M
$149.0M
Q4 24
$746.1M
$123.0M
Q3 24
$604.4M
$101.0M
Q2 24
$524.8M
$173.0M
Gross Margin
APH
APH
HII
HII
Q1 26
36.7%
Q4 25
38.2%
Q3 25
38.1%
Q2 25
36.3%
Q1 25
34.2%
Q4 24
34.3%
Q3 24
33.6%
Q2 24
33.6%
Operating Margin
APH
APH
HII
HII
Q1 26
24.0%
Q4 25
26.8%
4.9%
Q3 25
27.5%
5.0%
Q2 25
25.1%
5.3%
Q1 25
21.3%
5.9%
Q4 24
22.1%
3.7%
Q3 24
20.3%
3.0%
Q2 24
19.4%
6.3%
Net Margin
APH
APH
HII
HII
Q1 26
12.4%
Q4 25
18.6%
4.6%
Q3 25
20.1%
4.5%
Q2 25
19.3%
4.9%
Q1 25
15.3%
5.4%
Q4 24
17.3%
4.1%
Q3 24
15.0%
3.7%
Q2 24
14.5%
5.8%
EPS (diluted)
APH
APH
HII
HII
Q1 26
$0.72
Q4 25
$0.93
$4.06
Q3 25
$0.97
$3.68
Q2 25
$0.86
$3.86
Q1 25
$0.58
$3.79
Q4 24
$0.16
$3.15
Q3 24
$0.48
$2.56
Q2 24
$0.41
$4.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APH
APH
HII
HII
Cash + ST InvestmentsLiquidity on hand
$4.6B
Total DebtLower is stronger
$18.7B
$2.7B
Stockholders' EquityBook value
$14.1B
$5.1B
Total Assets
$42.1B
$12.7B
Debt / EquityLower = less leverage
1.33×
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APH
APH
HII
HII
Q1 26
$4.6B
Q4 25
$11.4B
Q3 25
$3.9B
Q2 25
$3.2B
Q1 25
$1.7B
Q4 24
$3.3B
Q3 24
$1.6B
Q2 24
$1.3B
Total Debt
APH
APH
HII
HII
Q1 26
$18.7B
Q4 25
$14.6B
$2.7B
Q3 25
$7.1B
Q2 25
$7.1B
Q1 25
$6.8B
Q4 24
$6.5B
$2.7B
Q3 24
$5.1B
Q2 24
$5.0B
Stockholders' Equity
APH
APH
HII
HII
Q1 26
$14.1B
Q4 25
$13.4B
$5.1B
Q3 25
$12.5B
$5.0B
Q2 25
$11.5B
$4.9B
Q1 25
$10.3B
$4.8B
Q4 24
$9.8B
$4.7B
Q3 24
$9.5B
$4.2B
Q2 24
$9.0B
$4.2B
Total Assets
APH
APH
HII
HII
Q1 26
$42.1B
Q4 25
$36.2B
$12.7B
Q3 25
$27.1B
$12.3B
Q2 25
$25.7B
$12.1B
Q1 25
$22.9B
$12.1B
Q4 24
$21.4B
$12.1B
Q3 24
$19.6B
$11.1B
Q2 24
$18.6B
$11.3B
Debt / Equity
APH
APH
HII
HII
Q1 26
1.33×
Q4 25
1.09×
0.53×
Q3 25
0.57×
Q2 25
0.62×
Q1 25
0.66×
Q4 24
0.66×
0.58×
Q3 24
0.54×
Q2 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APH
APH
HII
HII
Operating Cash FlowLast quarter
$1.1B
$650.0M
Free Cash FlowOCF − Capex
$831.2M
$516.0M
FCF MarginFCF / Revenue
10.9%
14.8%
Capex IntensityCapex / Revenue
3.8%
3.9%
Cash ConversionOCF / Net Profit
1.19×
4.09×
TTM Free Cash FlowTrailing 4 quarters
$4.6B
$794.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APH
APH
HII
HII
Q1 26
$1.1B
Q4 25
$1.7B
$650.0M
Q3 25
$1.5B
$118.0M
Q2 25
$1.4B
$823.0M
Q1 25
$764.9M
$-395.0M
Q4 24
$847.1M
$391.0M
Q3 24
$704.0M
$213.0M
Q2 24
$664.1M
$-9.0M
Free Cash Flow
APH
APH
HII
HII
Q1 26
$831.2M
Q4 25
$1.5B
$516.0M
Q3 25
$1.2B
$13.0M
Q2 25
$1.1B
$727.0M
Q1 25
$576.3M
$-462.0M
Q4 24
$647.3M
$277.0M
Q3 24
$474.0M
$125.0M
Q2 24
$522.8M
$-99.0M
FCF Margin
APH
APH
HII
HII
Q1 26
10.9%
Q4 25
22.8%
14.8%
Q3 25
19.6%
0.4%
Q2 25
19.8%
23.6%
Q1 25
12.0%
-16.9%
Q4 24
15.0%
9.2%
Q3 24
11.7%
4.5%
Q2 24
14.5%
-3.3%
Capex Intensity
APH
APH
HII
HII
Q1 26
3.8%
Q4 25
3.9%
3.9%
Q3 25
4.2%
3.3%
Q2 25
5.3%
3.1%
Q1 25
3.9%
2.5%
Q4 24
4.6%
3.8%
Q3 24
5.7%
3.2%
Q2 24
3.9%
3.0%
Cash Conversion
APH
APH
HII
HII
Q1 26
1.19×
Q4 25
1.44×
4.09×
Q3 25
1.18×
0.81×
Q2 25
1.30×
5.41×
Q1 25
1.04×
-2.65×
Q4 24
1.14×
3.18×
Q3 24
1.16×
2.11×
Q2 24
1.27×
-0.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APH
APH

Communications Solutions$4.5B60%
Harsh Environment Solutions$1.7B22%
Interconnect and Sensor Systems$1.4B18%

HII
HII

Aircraftcarriers$984.0M28%
Fixedpriceincentive$758.0M22%
Submarines$744.0M21%
Surfacecombatantsandcoastguardcutters$452.0M13%
Amphibiousassaultships$433.0M12%
Costtype$123.0M4%
Otherprograms$4.0M0%

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